CEO has 500,060 Class A shares, at $31 that is 15.5M, but also has another 4,1665,537 Class B shares, which would be $127M.
OpenAI's Sam Altman has $378M in shares (A+B), not that he needs a pile of more money to fund his AI-takes-over-the-world dreams. No, he's not going to share any of that with the artists and writers that LLMs are going to take the jobs away from, duh!
@Viss Not until 3/20/24. The process is: file for IPO. Shop the IPO to large institutional investors (mutual fund companies, etc.). Extend the IPO to private high net worth individuals. Those folks get first dibs. Then it hits the IPO and stock market, and it starts trading.
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